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QIB gets nod for 40 per cent cash dividend

: Tuesday, February 25 - 2014 @ 18:52

The QE 20 Index in Doha slipped by 0.37 per cent to 11,855.94 points on Tuesday, February 25. Qatar Islamic Bank (QIB) plummeted 6.17 per cent after the shareholders gave the green light for a 40 per cent cash dividend at the annual general assembly on Monday. QIB’s net profit for fiscal year 2013 totalled QAR1.335 billion ($177.25 million), reflecting a growth rate of 7.6 per cent compared with the year before.

Gérard Al-Fil

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Tuesday, February 25- 2014 @ 18:52 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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